- Founded in 2010
- Franchising Since 2012
- 20 US Franchises
- $139,250 - $266,500 Investment Range
- $1,141,135 Average Gross Revenue
- 5% Royalty Fee
- $35,000 Franchise Fee
Use the Pre-qualification tool to see how much funding you could qualify for and see if you can affor a PayMore franchise.
Get pre-qualified for financingPayMore is a dynamic retail franchise revolutionizing the buying, selling, and trading of consumer electronics. Founded in 2010, PayMore has established itself as a trusted destination for tech-savvy consumers looking to upgrade their devices or monetize their unused electronics. Unlike traditional pawn shops, PayMore specializes exclusively in electronics and tech accessories, offering a modern, clean, and professional environment that puts customers at ease.
The franchise's success is built on a customer-first approach, with highly trained staff who provide expert knowledge about various electronics while delivering exceptional service. PayMore stores accept a wide range of devices, including smartphones, laptops, gaming consoles, tablets, and other electronic equipment, offering competitive prices that typically exceed those of conventional resale outlets.
What sets PayMore apart is its transparent and streamlined process, making it quick and convenient for customers to turn their unused electronics into cash. The business model benefits from both the growing consumer electronics market and the increasing focus on sustainability through electronic recycling and reuse.
Each PayMore location features a contemporary retail environment with professional testing equipment and security measures, ensuring both buyers and sellers can transact with confidence. The franchise has earned a strong reputation for fair pricing, honest dealings, and knowledgeable staff, as evidenced by consistently positive customer reviews across multiple locations.
For communities, PayMore serves as more than just a retail store – it's a technology resource center where customers can not only buy and sell but also receive expert advice on their electronic devices.
How much does it cost to start a franchise with PayMore?
- Franchise Fee
- $35,000
- Investment Range
- $139,250 - $266,500
- Investment Midpoint
- $202,875
- Minimum Cash Required
- $139,250
- Royalty Fees
- 5%
- Brand Fund
- 0.5%
The franchise demonstrates exceptional financial performance with gross revenue of $1,141,135, which is 161% above the sub-sector average of $436,792. This outstanding revenue performance makes PayMore a standout opportunity in the tech retail franchise space, significantly outperforming competitors.
Established in 2010 with 21 units, PayMore demonstrates moderate system maturity with over a decade of operational refinement. The electronics resale market benefits from strong consumer demand for affordable technology and growing environmental consciousness around e-waste reduction. PayMore's buy-sell-trade model capitalizes on rapid technology turnover cycles, where consumers frequently upgrade devices, creating consistent inventory flow.
The business model requires strong inventory management skills and technology appraisal expertise. Location selection proves critical, as foot traffic and local demographics significantly impact transaction volume. Ideal investors should possess retail management experience and comfort with technology products. The business suits operators seeking hands-on involvement rather than passive investment, with the strong revenue performance indicating significant profit potential for dedicated franchisees.
Understand What It Takes to Get Started!
Discover the financial commitment required to launch this franchise. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.
Answer a few quick questions - just 15 seconds - to reveal this detail and take the first step toward your dream business!
See the Revenue Potential!
Curious about how much you could earn? The average gross sales data gives you a realistic view of the franchise's earning potential and success stories from existing franchisees.
Provide a little information about yourself (it only takes 15 seconds) to access this valuable insight and start planning your future success!
Financing Details
Franzy connects you with top-tier financing partners to help secure the funds to invest in a franchise like PayMore. Whether you're looking for a loan or exploring other financial products, our partners provide expert guidance to ensure you obtain the necessary capital. They specialize in offering solutions tailored to the needs of franchisees, making the process of securing financing smooth and straightforward.
Why Financing with Franzy Partners?
Choosing to finance through Franzy's partners ensures you get the best terms and support for your franchise investment. Our partners have extensive experience in the franchising industry and offer specialized financial solutions tailored to your needs. With competitive interest rates and flexible repayment options, you can find the right financing plan that fits your budget and goals. Our partners are committed to providing personalized guidance throughout the financing process, making it easier for you to secure the necessary funds and confidently move forward with your franchise venture.
Finance Partners
The franchise's tech retail focus appears most successful in markets with strong suburban demographics and higher disposable income levels. Current geographic distribution suggests a preference for locations in metropolitan areas with strong tech-oriented workforce presence. Market opportunities exist particularly in underserved Midwest and Western states, where similar demographic profiles could support expansion.
Ideal locations for PayMore franchises typically include suburban retail corridors near significant population centers, preferably in areas with higher education institutions or technology employment hubs. The strong performance in states like Ohio and Virginia suggests that mid-sized markets with strong professional demographics present prime expansion opportunities. New franchisees should prioritize locations with high foot traffic, proximity to complementary retailers, and demographics indicating strong technology adoption rates.
Access the detailed territory map to find prime locations and see where this franchise operates. This information is vital for understanding your market potential and exclusivity rights.
Complete a short questionnaire in just a minute to uncover this map and identify the perfect territory for your business!
Track Growth to Gauge Success!
See how this franchise is expanding over time. The net unit growth reveals the health and popularity of the brand—key indicators for a promising investment.
Answer a few brief questions to access this growth data and make an informed decision about your future! It only takes 15 seconds and is completely free.
Executive Team
Get to know the leadership behind PayMore. Learn about the experience and expertise of the executive team guiding PayMore's success. For more details, refer to Item 2 of the Franchise Disclosure Document (FDD).
Litigation
Review any legal actions or pending litigation involving PayMore. Understanding the legal history helps assess potential risks and the brand's business practices. For more details, refer to Item 3 of the Franchise Disclosure Document (FDD).
Bankruptcy
Review PayMore's bankruptcy history and any filings by key personnel or affiliates. This critical information provides transparency about the brand's financial stability and management. For more details, refer to Item 4 of the Franchise Disclosure Document (FDD).
Franchisor Assistance
Learn about PayMore's comprehensive support system for franchisees, including initial training programs and continuous operational assistance. Understanding the available resources and support structure is crucial for franchise success. For more details, refer to Item 11 of the Franchise Disclosure Document (FDD).
The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.
- Founded in 2010
- Franchising Since 2012
- 20 US Franchises
- $139,250 - $266,500 Investment Range
- $1,141,135 Average Gross Revenue
- 5% Royalty Fee
- $35,000 Franchise Fee
Use the Pre-qualification tool to see how much funding you could qualify for and see if you can affor a PayMore franchise.
Get pre-qualified for financing
